(CNBC) Singapore-based Grab Holdings is cutting over 1,000 jobs, its CEO said Tuesday, in a bid to manage costs and reorganize the company in a competitive landscape. In an email to staff, CEO Anthony Tan said the layoffs are a […]

(CNBC) Ford CEO Jim Farley says his team didn’t hesitate when it came to Ford’s partnership with Tesla because they liked the reliability and locations of the company’s charging network. Under the agreement between the two rival companies, Ford electric […]

(Hedgeweek) Protium Capital, a hedge fund firm founded by former Hillhouse Capital Management fund manager Lu Ning, has raised between $100 million and $150 million for a new long-short equity fund, making it one of the largest China-focused hedge fund […]

(CNBC) Stock futures ticked lower on Monday evening as investors looked ahead to a holiday-shortened week of trading. Futures tied to the Dow Jones Industrial Average slipped 93 points, or 0.3%, while S&P 500 futures pulled back 0.2%. Nasdaq 100 […]

(Hedgeweek) Odey Asset Management (Odey AM) has suspended withdrawals from two more funds – the Special Situations and Odey Portfolio funds – in response to mounting redemption pressure following sexual assault allegations against its founder Crispin Odey, according to reports. […]

(Hedgeweek) Scott Bommer, the chief investment officer of Blackstone’s Horizon Fund – the growth strategy in the company’s Blackstone Alternative Asset Management (BAAM) hedge fund unit – is leaving the business for health reasons, according to a report by Reuters […]

(Hedgeweek) Tiger Global Management LLC is struggling to attract commitments for its latest venture capital investment vehicle, with the hedge fund firm having so far secured about a third of its $6 billion target, according to a report by Bloomberg. […]

(Hedgeweek) Hedge funds overwhelmingly regard digital assets as a major part of the investment landscape, according to a new study by Laser Digital, Nomura’s digital asset subsidiary, with 98% of those surveyed seeing digital assets as an investment diversification opportunity […]

(Hedgeweek) The prospect of the US economy going into recession later this year, has prompted Citadel boss Ken Griffin, whose firm racked up a record $16 billion return for clients last year, to increase his focus on credit trading, according […]

(Hedgeweek)Odey Asset Management (Odey AM) is in “advanced discussions” to sell off some of its funds and move staff to other asset managers in the wake of sexual misconduct allegations against founder Crispin Odey, according to a report by Reuters. […]

(CNBC) Stock futures inched lower Thursday night as investors shifted focus from the Federal Reserve policy meeting earlier in the week to the next piece of economic data due Friday morning. Futures tied to the Dow Jones Industrial Average lost […]

(CNBC) Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker’s growth prospects in artificial intelligence. The stock rose 3.2% to close at $348.10, topping its prior all-time high reached in November 2021, the […]